a more one-sided tail on USD/CNY with 6.20 possible on $ weakness and recommend short USD/CNH 6M OF Pony Kojodjojo, Hong Kong• Mafia. Sachdeva and Sameer Goo!, Singapore Page 8 Deutsche Bank AG/London CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0089882 CONFIDENTIAL SDNY_GM_00236066 EFTA